From the Back Cover
The Entrepreneurial INVESTOR
Paul Orfalea is a revolutionary entrepreneur widely renowned for his success in growing Kinko's from a single copy shop to an industry leader with 1,100 branches worldwide. Less well known is his long history of successful investing, which dates back to his early teens, when Orfalea would skip school to spend afternoons at the office of his father's stockbroker. In 2000, Orfalea and Lance Helfert cofounded West Coast Asset Management (WCAM) on the same principles of value investing that Warren Buffett used to become one of the world's greatest investors.
Now, in The Entrepreneurial Investor, Orfalea--along with Lance Helfert, Atticus Lowe, and Dean Zatkowsky--reveal how you can use their version of this approach to achieve unparalleled success in your everyday investment endeavors.
Through solid examples and a light narrative, Orfalea and company skillfully explore the essence of the entrepreneurial investor, which includes balancing the art and science of this discipline, and viewing investing itself as a business. Along the way, they also examine how the elements of focus, opportunism, and involvement can improve your overall investment results.
Divided into four comprehensive parts, this reliable resource will put you in a better position to make profitable investment decisions. Some of the issues addressed include:
- Think like an Owner: The Art of the Entrepreneurial Investor covers WCAM's investing philosophy and some of the context and chatter that can cloud one's thinking.
- Companies Worth Owning discusses the heart of entrepreneurial investing--choosing to invest in individual companies rather than in mutual funds or "the market".
- The Owners' Manual highlights some of the important information available to investors--from the advice shouted on television to annual reports, financial statements, and the ever-ambiguous subject of inventory.
- What's It Worth--to Me distinguishes investing from speculating and helps you understand the actual value of a company, so you can act when the price is low enough for buying or high enough for selling.
Filled with in-depth insights and practical advice, The Entrepreneurial Investor will inspire you to treat investing like a business and to think of yourself as an owner. Once you realize that making money is your business, you'll be a better investor for it.
PAUL ORFALEA is the founder of Kinko's and cofounder of West Coast Asset Management (WCAM). He holds a business degree from the University of Southern California and has been investing successfully for more than forty years.
LANCE HELFERT is President and cofounder of WCAM. Previously, he oversaw a $1 billion portfolio at Wilshire Associates. Helfert has a BS in business administration from Pepperdine University.
ATTICUS LOWE is a CFA charterholder and Chief Investment Officer of WCAM. He has a BA in economics and business from Westmont College.
DEAN ZATKOWSKY is the former vice president of marketing at WCAM and oversees their newsletter, Exclusive Outlook (please visit www.wcam.com to subscribe). He holds a BA in communication studies from the University of California, Santa Barbara.
